Blockchain Identity Management Market Growth Opportunities and Forecast by 2031

Historic Data: 2021-2022   |   Base Year: 2023   |   Forecast Period: 2024-2031

Blockchain Identity Management Market Size and Forecast (2021 - 2031), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Offering (Software and Services); Provider Type (Application Provider, Middleware Provider, and Infrastructure Provider); Networks (Permissioned and Permissionless); Industry (BFSI, Government, Healthcare, Telecom and IT, Retail, Transport and Logistics, Others); and Geography

  • Report Date : Aug 2025
  • Report Code : TIPRE00003118
  • Category : Banking, Financial Services, and Insurance
  • Status : Data Released
  • Available Report Formats : pdf-format excel-format
  • No. of Pages : 150

The Blockchain Identity Management Market size is expected to grow from US$ 1.75 billion in 2023 to US$ 235.83 billion by 2031; it is anticipated to expand at a CAGR of 84.6% from 2023 to 2031. Identity management refers to the processes, policies, and technologies that ensure that only authorized users have access to technical resources. Many of today's digital identity management systems have drawbacks, including the possibility of data breaches, a poor user experience due to the need to maintain so many accounts, and a lack of control over user data. The benefits of blockchain identity management include speedier verification processes, lower verification costs, and improved data privacy and security. Blockchain identity management has a rising number of applications in a variety of industries and sectors, including finance, education, and the workforce.

Blockchain Identity Management Market Analysis 

The blockchain identity managementmarketforecast is estimated on the basis of various secondary and primary research findings, such as key company publications, association data, and databases. Blockchain technology is a key approach for preventing large-scale data breaches in the future. Blockchain technology is a peer-to-peer distributed, immutable ledger of information. Every "block" of information provides a complete and accurate record of each transaction, which cannot be changed once validated and is cryptographically secure.

Amidst the rising number of identity frauds, there is an increasing need among professionals for better technology to protect the digital identity of their consumers or employees. For instance, according to the FTC (Federal Trade Commission) report, of the 5.7 million cases submitted to the FTC, 1.4 million (25%) were specifically related to identity theft. In its reporting, the FTC distinguishes between identity theft and fraud. According to experts, these occurrences occur so often that a new victim is reported every 22 seconds. Most studies predict that this ratio will rise in 2024, making it a more pressing issue for Americans.

Blockchain technology might ultimately eliminate the need for intermediaries and give individuals complete control over their digital identities.

Blockchain Identity Management

Industry Overview

  • Most Identity and Access Management (IAM) systems today rely on centralized databases, resulting in a single point of failure. This puts millions of people's personally identifiable information (PII) at great risk of being compromised. Blockchain helps to overcome this problem by decentralizing IAM and providing decentralized IDs.
  • In an increasingly digitized world where online interactions and transactions are the norm, the need for safe and dependable digital identity management has never been greater. Traditional methods of identification verification and authentication are frequently centralized. This exposes individuals and businesses to the risk of data breaches and identity theft. Enter blockchain technology, a decentralized and tamper-resistant system that has the potential to revolutionize the way we maintain digital identities.

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Blockchain Identity Management Market: Strategic Insights

blockchain-identity-management-market
  • Get Top Key Market Trends of this report.
    This FREE sample will include data analysis, ranging from market trends to estimates and forecasts.

Blockchain Identity Management Market Driver

Technological Advances to Prevent Identity Thefts to Drive the Blockchain Identity Management Market

  • Blockchain has gained popularity due to its ability to conduct secure transactions and avoid identity theft. Identity theft is a major issue, with about 60 million people falling victim in the United States alone. Imagine the worldwide magnitude of stolen identities. Many people are unaware that their identities have been stolen until they experience terrible consequences. Without sufficient safeguards to protect customer identity, online firms risk losing brand loyalty and reputation. Blockchain gives consumers more control over their personal information and a dependable method of preventing identity fraud.
  • Blockchain technology offers a few benefits for securing user data and preventing criminal identities from entering the system. Blockchain is frequently used as a cybersecurity tool to combat identity theft. The level of security it provides can assist in preventing personal data from falling into the hands of undesirable actors. Blockchain's distributed ledger is a database for keeping track of digital records. Every user's personal information on the ledger is safeguarded using cryptographic keys, which are a means for encoding data in machine-readable form. It makes it difficult for hackers and cybercriminals to decrypt the keys and gain access to important credentials.

Blockchain Identity Management

Market Report Segmentation Analysis

  • Based on the industry, the blockchain identity management market report is segmented into BFSI, government, healthcare, telecom and IT, retail, transport and logistics, and others. The BFSI segment is expected to hold a significant blockchain identity management market share in 2023.
  • Blockchain identity services have been widely adopted by several sectors or companies in order to improve security and privacy. From healthcare's secure patient data to finance's fortified KYC, each sector has taken advantage of blockchain's promise in identity management, allowing for smooth interactions.

Blockchain Identity Management

Market Analysis by Geography

The scope of the blockchain identity management market report is primarily divided into five regions - North America, Europe, Asia Pacific, Middle East & Africa, and South America. North America is experiencing rapid growth and is anticipated to hold a significant Blockchain Identity Management market share. The region's significant technological development in the field of blockchain has contributed to this growth. North America is home to many developing countries like the US and Canada, driving the Blockchain Identity Management market growth.

Blockchain Identity Management

Blockchain Identity Management Market Regional Insights

The regional trends and factors influencing the Blockchain Identity Management Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Blockchain Identity Management Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.

blockchain-identity-management-market-global-geography
  • Get the Regional Specific Data for Blockchain Identity Management Market

Blockchain Identity Management Market Report Scope

Report Attribute Details
Market size in 2023 US$ 1.75 billion
Market Size by 2031 US$ 235.83 billion
Global CAGR (2023 - 2031) 84.6%
Historical Data 2021-2022
Forecast period 2024-2031
Segments Covered By Offering
  • Software
  • Services
By Provider Type
  • Application Provider
  • Middleware Provider
  • Infrastructure Provider
By Networks
  • Permissioned and Permissionless
By Industry
  • BFSI
  • Government
  • Healthcare
  • Telecom and IT
  • Retail
  • Transport and Logistics
Regions and Countries Covered North America
  • US
  • Canada
  • Mexico
Europe
  • UK
  • Germany
  • France
  • Russia
  • Italy
  • Rest of Europe
Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific
South and Central America
  • Brazil
  • Argentina
  • Rest of South and Central America
Middle East and Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Rest of Middle East and Africa
Market leaders and key company profiles
  • Alphabet
  • IBM
  • AWS
  • Microsoft
  • Bitfury
  • NEC
  • Dock
  • Serto
  • Coinfirm
  • Accumulate

  • Blockchain Identity Management Market Players Density: Understanding Its Impact on Business Dynamics

    The Blockchain Identity Management Market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.

    Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.

    Major Companies operating in the Blockchain Identity Management Market are:

    1. Alphabet
    2. IBM
    3. AWS
    4. Microsoft
    5. Bitfury
    6. NEC

    Disclaimer: The companies listed above are not ranked in any particular order.


    blockchain-identity-management-market-cagr

    • Get the Blockchain Identity Management Market top key players overview

    The "Blockchain Identity Management Market Analysis" was carried out based on core investment strategies and geography. In terms of provider type, the market is segmented into application provider, middleware provider, and infrastructure provider. Based on geography, the market is segmented into North America, Europe, Asia Pacific, the Middle East & Africa, and South America.

    Companies adopt inorganic and organic strategies such as mergers and acquisitions in the Blockchain Identity Management market. A few recent key market developments are listed below:

    • In June 2019, Accenture, in partnership with Microsoft and Avanade, developed an identity prototype based on blockchain technology – a type of database system that enables multiple parties to share access to the same data with an extremely high level of confidence and security

    [Source: Accenture, Company Website]

    Blockchain Identity Management

    Market Report Coverage & Deliverables

    The market report "Blockchain Identity Management Market Size and Forecast (2021–2031)" provides a detailed analysis of the market covering below areas-

    • Market size & forecast at global, regional, and country levels for all the key market segments covered under the scope.
    • Market dynamics such as drivers, restraints, and key opportunities.
    • Key future trends.
    • Detailed PEST & SWOT analysis
    • Global and regional market analysis covering key market trends, key players, regulations, and recent market developments.
    • Industry landscape and competition analysis covering market concentration, heat map analysis, key players, and recent developments.
    • Detailed company profiles.

    Frequently Asked Questions

    What are the future trends of the global Blockchain Identity Management market?

    Self-sovereign identity is impacting blockchain identity management, which is anticipated to bring new Blockchain Identity Management market trends in the coming years.

    Which are the key players holding the major market share of the global Blockchain Identity Management market?

    The key players holding majority shares in the global Blockchain Identity Management market are Alphabet, IBM, AWS, Microsoft, and Bitfury.

    What is the estimated market size for the global Blockchain Identity Management market in 2023?

    The global Blockchain Identity Management market was estimated to be US$ 1.75 billion in 2023 and is expected to grow at a CAGR of 84.6% during the forecast period 2023 - 2031.

    What will be the market size of the global blockchain identity management market by 2031?

    The global blockchain identity management market is expected to reach US$ 235.83 billion by 2031.

    What are the driving factors impacting the global Blockchain Identity Management market?

    Regulatory compliances and the rise of decentralized identity are the major factors that propel the global Blockchain Identity Management market growth.

    Ankita Mittal
    Ankita Mittal
    Manager,
    Market Research & Consulting

    Ankita is a dynamic market research and consulting professional with over 8 years of experience across the technology, media, ICT, and electronics & semiconductor sectors. She has successfully led and delivered 100+ consulting and research assignments for global clients such as Microsoft, Oracle, NEC Corporation, SAP, KPMG, and Expeditors International. Her core competencies include market assessment, data analysis, forecasting, strategy formulation, competitive intelligence, and report writing.

    Ankita is adept at handling complete project cycles—from pre-sales proposal design and client discussions to post-sales delivery of actionable insights. She is skilled in managing cross-functional teams, structuring complex research modules, and aligning solutions with client-specific business goals. Her excellent communication, leadership, and presentation abilities have enabled her to consistently deliver value-driven outcomes in fast-paced and evolving market environments.

    • Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
    • PEST and SWOT Analysis
    • Market Size Value / Volume - Global, Regional, Country
    • Industry and Competitive Landscape
    • Excel Dataset

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